Euro Auctions kicks off 2020 with largest sale in its history

Euro Auctions kicks off 2020 with largest sale in its history

Euro Auctions, auctioneers of industrial plant, construction and agricultural machinery, starts 2020 with a bang and a sale that sees over 5,200 lots go over the new sales ramp.

Euro Auctions proved this week that it is the #1 sale site in Europe with the largest sale in its history as the 5,300+ lots ran over the new ramp at the all new facility in Kellington, just outside Leeds, in Yorkshire, England. Running over three days on 29th, 30th and 31st January, Europe’s largest regular auction of industrial plant, construction and agricultural machinery, Euro Auctions presented the new sales ramp to an enthusiastic audience with a new year hammer total of £42,782,915.

5,200 lots, a hammer of £42.8 million, of which 45% was sold online, of which 71% of bidders were online. 4,265 buyers registered for the sale, of which 25% were first time registrations, showing how sale after sale new buyers are gravitating to Euro Auctions sales! This sale saw bidders and buyers from every continent, with the top buyers by country coming from, the UK, Republic of Ireland, Poland, Romania, Netherlands and Spain, countries that have been buying more equipment over recent sales.

Concerns about Brexit did not seem to worry buyers and sellers attending the sale on the day. Bidder numbers for this sale were up on the previous sale in January 2019 by 55%. With a total of 4,265 bidders making the three-day sale brisk and lively, with 1,225 floor bidders over the course of the sale, with 71% of online bidders. The home European market was the most active, with bids from Europe successfully securing 95% of the catalogue, and the remaining buying coming from the Middle East, Africa, Oceania, Caribbean, Asia, North America and South America.

“This sale was a soft launch of the new sales ramp, which forms part of the exciting development that we have been working on at Leeds for over the last 24 months, and the new sales ramp (pictured) started the procession of equipment for sale in true Euro Auctions style” announces Jonnie Keys, General Manager for Euro Auctions. “Nearing full completion, the new LEEDS facility will include: new workshops, news office and main administration centre, auction arena with two sales ramps, in addition to a 2,380m² jet wash bay, which will create the largest auction facility in Europe.

Related posts